ORIC Pharmaceuticals Says Entered Into Clinical Trial Collaboration And Supply Agreements With Bayer And Johnson & Johnson
Portfolio Pulse from Benzinga Newsdesk
ORIC Pharmaceuticals has entered into clinical trial collaboration and supply agreements with Bayer and Johnson & Johnson. This partnership aims to advance ORIC's clinical programs.
July 16, 2024 | 9:01 pm
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POSITIVE IMPACT
Johnson & Johnson has entered into clinical trial collaboration and supply agreements with ORIC Pharmaceuticals. This partnership aims to advance ORIC's clinical programs.
The partnership with ORIC Pharmaceuticals is likely to enhance Johnson & Johnson's portfolio in clinical trials and drug development. While the direct impact on JNJ's stock price may be moderate, the collaboration reflects JNJ's ongoing commitment to innovation and partnerships in the pharmaceutical industry.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
ORIC Pharmaceuticals has entered into clinical trial collaboration and supply agreements with Bayer and Johnson & Johnson. This partnership is expected to advance ORIC's clinical programs.
The collaboration with major pharmaceutical companies Bayer and Johnson & Johnson is likely to provide ORIC Pharmaceuticals with significant resources and expertise, potentially accelerating the development of its clinical programs. This positive development is expected to boost investor confidence and positively impact ORIC's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100